🚨 $86M reportedly drained from wallets belonging to Ledger users. But here’s the important distinction: a confirmed Ledger vulnerability has not been established. On-chain investigator Specter reportedly traced $86M–$87M in stolen assets across multiple blockchains: 💸 ~$42M in ETH ₿ ~$17.6M in BTC 💵 ~$16.5M in USDT Ledger is investigating losses involving customers in Southeast Asia who purchased devices through CryptoBilis, an authorized reseller. Ledger has reportedly asked the reseller to pause sales and shipments. What should you do? 🔐 Bought from CryptoBilis within the last 90 days and haven’t set up your device? Don’t set it up yet. ⚠️ Already set it up? Follow Ledger’s guidance to move your assets to a new device with a newly generated recovery phrase. 🛡️ Bought elsewhere? Stay alert, but don’t assume your wallet is compromised. Monitor official updates. The root cause remains unconfirmed. Possible explanations include compromised recovery phrases, phishing or device tampering. Remember: a hardware wallet cannot protect you if someone else already knows your seed phrase. Always initialize your device yourself. Never trust a pre-generated recovery phrase. Your crypto’s security starts with your keys. 👀 #Ledger #CryptoSecurity #Bitcoin #Ethereum #CryptoScam #SelfCustody #Web3 #CryptoNews